What's better, systematic or discretionary?

Then your variables must be very close to gambling or game theory.otherwise i dont believe you.

 

Take DAX, for instance.It`s going higher, right?

When do you think it ends?According to my gabling-shmambling-rocket science theory it ends at around 13400.Let`s see...

 

Systematic trading is like trying to box the market in to sing the song you have written. IMO. Many times it will work but many times it will not work as the market doesn't know nor really care about one's music or tune.

I prefer to let the market write its own song..sing it's own song..and i sing along. Hence i am a discretionary trader that tries to see what the market is singing and I join in.

This is why so many HTF's are going down the sewer as the market is singing a new song that systematic traders are having a hard time boxing in the lyrics. Look at those that promoted price drivers...ROFLMAO

Anyway, this is one point of view...mine. I never know which song it will sing but once it starts singing I can join in. The market actually doesn't know that many songs. But it can add, and will add, a different twist to the same song, each time it sings it. So i have strategies for the different twists. You can only twist in so many directions.......sometimes there are fake twists...a roll to left when a roll to the right is the real twist intended...but there are ways to detect the veracity of the twists...

 

Appreciate your comments.

 

What is systemic then?

 

Why not do define:systemic, define:systematic in google?

 

Are there other keywords that are useful in front of that ‘:’ ?

 

Good point. World of difference between systematic and automated. The two shouldn’t be used synonymously. I automated out of necessity to implement a plan I couldn’t execute manually, and it was a huge and lengthy pain in my dick to roll out. I couldn’t develop a successful manual intraday system.

 

There probably are. I use define and unit, currency conversion (1 usd to jpy etc) and the usual calculator functions only.

 

I tried discretionary multiple times and it just didn't work for me. If you read Schwager's Market Wizard books there are a fair number of both types of traders.

I have a programming background and found that systematic works for me. I agree with the poster who emphasized backtesting. I need backtest results in order to have the confidence to trade live.

It may take a long time, but you need to find a method that suits your personality. There is no one size fits all.

Brooks